23 June 2017
Application to the standard listing segment of the Official List of the UKLA and to trading
St. Petersburg, Russia; 23 June 2017 - Lenta Ltd (LSE: LNTA / LNTR, MOEX: LNTA); ("Lenta" or the "Company"), hereby announces that, in connection with its management incentive plan ("MIP") and long term incentive plan ("LTIP"), it has allotted and issued 98,217 new ordinary shares. Applications have been made for admission of up to 491,085 additional global depositary receipts (the "New GDRs") to the standard listing segment of the Official List of the United Kingdom Listing Authority and to trading ("Admission") on the main market of the London Stock Exchange. It is expected that Admission will take place at 8.00 a.m. on 26 June 2017. Five New GDRs represent an interest in one ordinary share of Lenta with no nominal value.
332,365 New GDRs, so admitted, will be immediately delivered to existing employees of Lenta and its subsidiaries (the "Lenta Group") (including two employees who also serve as directors of Lenta Ltd) to satisfy outstanding awards under the MIP and up to a further 158,720 New GDRs, so admitted, will be delivered to existing employees of the Lenta Group from time to time as their awards under the LTIP require settlement.
For further information, please visit www.lentainvestor.com, or contact:
Mr. Albert Avetikov
Director for Investor Relations
112 Savushkina Street
Telephone: +7 812 363 28 44
Neither the New GDRs nor any document relating to them have been or will be registered with the Central Bank of Russia. Lenta Ltd is relying on an understanding with Public Joint-Stock Company Moscow Exchange MICEX-RTS (the "Moscow Exchange") that its global depositary receipts have been admitted to trading on the Moscow Exchange as a class and any new securities of the class are also admitted. Therefore, before the Admission, the New GDRs may not be offered, sold or delivered in the Russian Federation or to or for the benefit of any persons (including legal entities) resident, incorporated, established or having their usual residence in the Russian Federation or to any person located within the territory of the Russian Federation except to qualified investors within the meaning of Article 51.2 of Federal Law No. 39-FZ "On the Securities Market" dated 22 April 1996, as amended or as otherwise may be permitted by Russian law. No assurance can be given that thereafter the New GDRs will continue to be admitted to trading on the Moscow Exchange.
This information is provided by RNS